- cross-posted to:
- usa@midwest.social
- cross-posted to:
- usa@midwest.social
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They just realized this??? hahahaha
And yet they’ll never take a pay cut and will support trump and his ilk all the way to bankruptcy
Oh my god. These dumb asses forget that people need money in the first place in order to give it to them.
and then have to spend it in countries that are "tax-billionaire friendly’ which is going to slowly diminishing if they all become authoritarian in nature, eventually authotarians will be the only one that is the billionaire.
slow clap and the last horse finally crosses the finish line.
Too bad the rest of us have already been gluesticked.
What a revelation! Give that CEO a raise! :|
The obvious solution is to tighten the wages to claw back profits despite the declining sales volume!
You’d think they’d listen to themselves jibber jabber.
How about less stockholder and more customer.
I tend to not go to any chain restaurants at all anymore. I have one exception for the local bar that has super cheap prices and good food. otherwise, I go to privately owned restaurants and bars
who the fuck wants to pay $9 for a beer at Kelsey’s where you can get ignored by your server for 20 minutes when trying to get the bill that shows you paid $25 for bland food, then be expected to tip the person already making a bit more than minimum wage $10 for the literally 2.5 minutes of service they gave you. no thanks
the stone is no longer bleeding! hit it harder!
Lol they aren’t concerned with people “running out of money” they’re concerned nobody will buy their products. Which could be solved by giving people more money but that’s not an option for them.
Klarna and 8 year car loans are just the beginning. Trump was serious when he said we should do 100 year mortgages, THAT is the solution they are looking for. Not, “how can we get people more money to buy things”. But more “how can we get people with no money to continue buying things”.
Oh waaa 🎻
The nerve of these companies and CEOs complaining… They were warned about this a long time ago.
None of these fuckers think long term. it’s all quarter by quarter. I see it in my job even with startups. Build something now, use AI, it works now? great. it won’t scale a year or two down the line? that’s a problem for future me.
Are we making money now? great. what do you mean a year or two down the line there will be no one left that makes enough money to buy our shit? that’s a problem for future me.
they are all pretty much run like a PE firm.
Steve Jobs actually mentioned this happens when leadership comes from a sales focused, rather then product focused, background. Everything becomes short term thinking, and then they dip when they see/reach the inflection point of their profit growth, and blame the inevitable company failure on the next guy
The last corporate job I had before going into business myself, was as a sales manager for a Fortune 100 company.
It was very common at the end of a quarter to have to call around to wholesale customers, and beg them to take a pallette of some poorly selling sku, telling them “Don’t even unwrap it. Just stick it in a corner of the warehouse, and when the quarter turns, I’ll authorize a return of the inventory, and give you a discount on something else to make up for the trouble.”
Did it all the time.
I made a ton of money building reporting systems which made it simple to identify this form of gaming sales numbers to fit targets.
Thank you.
So the bosses would know I was doing that? Who do you think told me to do it? LOL.
Generally, I was working for the boss’s boss’s boss.
Yeah, it went all the way to the top. Those guys wanted it done. It wasn’t the top brass we were fooling, it was the stock holders, who were reacting to quarterly numbers that were essentially faked.
But business and something about being more efficient or something like that.
Yeah, my company is chasing an IPO and so is slashing wages. People are leaving in droves, but since it makes number go up…
No care whatsoever about post IPO. It’s going to be awful.
name? i love trading a good shitco IPO
I have an interview next week, I can’t risk it just yet. Plus it’s mostly internal speculation as nothing but the salary reductions have been announced.
God, how I love people who throw acronyms around expecting everyone to know them
IPO: initial public offering. Means when a private business goes public (and is therefore able to be traded on the stock market). The CEO loses a lot of their stock during the process, so it’s in the CEO’s best interest to rugpull as hard as possible during an IPO so that they can cash out.
thats what spez did with REDDIT, he made hundreds of millions as soon IPO happened, now he needs to keep afloat long enough to be an entrenched propaganda machine, while still earning from advertisements, or funding by propaganda groups.
“I’ll just make a well timed bet on my company declaring bankruptcy right before we release a dumpster fire earnings report and ride off into the sunset. I’m a good person who makes the world a better place, my child’s little league coach told me so when I took my turn buying pizza for the team.”
“gotta move fast and break things like Elon!”
I have yet to read or hear of one CEO who ever deserved a godawfully huge bonus, but they do stick together those cunning rats. While it is true that most citizens have been “capitalized” out of even the spare nickels and dimes they had kicking around, the best the CEO can do is say “Our customers don’t have any money”, not why they don’t have any money. Fuck those big bonuses. The market is wild and out of control and has been forever so what exactly are those bonuses for…fluke profit?
even Soros says alot of things that are pretty pro-billionaire and just rubs people the wrong way. hes what you would get if GATES isnt associated with EPSTEIN or his ruthlessness in MS.
CEOs Are ‘Hoarding All The Profits’ and Not Raising Wages, Workers Warn
That’s not a story the Bloomberg would tell you
From my point of view the capitalists are evil.
YOU’RE BREAKING MY HEART! YOU’RE GOING DOWN A PATH I CAN’T FOLLOW!
